The South Jersey Energy Blog

Is your utility bill on the rise with no explanation from your energy supplier? In order to control energy costs, you must take charge of your own energy planning. That means understanding what you’re paying for and why.

How often have you opened your utility bill and been surprised by high energy costs? Despite your best efforts to conserve energy and reduce consumption, energy prices fluctuate based on factors out of your control, including supply and demand, extreme weather, and economic conditions.

When you’re working to reduce energy costs, you need an energy plan that delivers long-term results. After all, you should see a return on the time and money you have invested in your efforts.

There are many energy providers out there, and each takes a slightly different approach to energy planning. It’s the finer details of your energy plan that truly make the difference in generating costs savings. So, it pays off to take your time when choosing an energy supplier.

If you’re responsible for your company’s commercial energy management, you may already understand the importance of energy planning. The right strategic approach helps you reduce your overall energy costs and save on your monthly utility bill.

Choosing an energy procurement plan is often the most important decision you make as you work to reduce energy costs. Yes, updating your insulation and installing more efficient lighting helps you reduce energy consumption, but your energy procurement plan is the basis of your costs savings.

Analyzing your utility bill, power usage, and energy prices is complex. But when you factor in competing offers from different energy providers, energy planning becomes even more confusing.

In order to reduce your energy costs, you need expert guidance. That’s why it’s helpful to work with an energy advisor. Your advisor should be skilled in creating an energy plan that works within your budget.

Developing a strategic energy plan is essential for cutting energy costs. You may be losing money due to an inefficient HVAC unit or because you are locked into an energy contract that doesn’t protect you against energy price spikes. You need to examine your energy usage carefully to create an effective plan.

In order to reduce energy consumption, many businesses take drastic measures that aren’t always practical. Or, they rush into an energy plan without proper preparation.

When you’re busy managing the day-to-day challenges of running a business, it may be easy to set aside the larger concerns, such as addressing energy costs. Ideally, you want to be able to reduce energy consumption and energy costs to save money. But you need to create a plan first.

As you work with an energy expert to conduct assessments of your overall energy usage, you ultimately determine a commercial energy management plan. You’re then able to customize your plan by deciding which projects you need to do today and which projects may better serve your budget in the future.

Many factors contribute to how or why your business is using more energy than is necessary. In addition to managing your price risk through the energy procurement plan you choose – fixed rate or variable rate – there are other effective ways to help flatten the cost of your utility bill for the long term.

The price volatility of energy commodities – along with the forces of the global economy, climate change, rapid trading and expansion, regulations and new commodities – has the power to put your company out of business.